ISLAMABAD (Online) - The review mission of International Monetary Fund (IMF) on Tuesday will start negotiations with financial team of the government on technical and policy matters. According to Finance Ministry sources, government financial team, Federal Board of Revenue (FBR) and State Bank of Pakistan will brief the IMFs team about increase in revenue, fiscal discipline and to fix the budget deficit from 4.7 per cent to 5.5 per cent. Finance Minister Dr Abdul Hafeez Shiekh will try to convince the IMF team for the release of sixth installment of $1.7billion under Standby Arrangement Programme (SAP) which was withheld a few months back. The sources also revealed that finance minister will ensure IMF team to implement Reformed General Sales Tax (RGST) from June this year through finance bill of 2010-11 to get the pending installment of SAP released. In this regard, Hafeez will also inform the IMF about the development in talks with opposition parties especially PML-N. During the talks the matter regarding downsizing of cabinet , limiting the PSDP to Rs 150 billion , Rs 10 billion cut in Railways budget and Benazir Income Support Programme, reduction in other expenditures, reforms in energy sector and abolishment of subsidy to petroleum sector , Railways, PIA, Steel Mill and other public sector entities will also come under discussion .The Finance Minister will also take into account the issuance of letter of comfort so that Pakistan may get budgetary support form World Bank, Asian Development Bank and other donor agencies. During the talks, matter regarding issuance of last two installments of $ 3.20 billion out of total $11.3 billon under Standby Arrangement Programme will also be discussed. It is pertinent to mention here that government is taking many steps to streamline the economy including increase in revenue generation target from Rs 1,604 billion to Rs 1,630 billion, increasing in flood tax form 10 per cent to 15 per cent and raise of special excise duty from 1 per cent to 1.5 per cent. The purpose of IMF team to visit Islamabad is to take a review of the implementation of reforms agenda, after which the IMF Board will consider the issuance of sixth installment under SAP. According to financial analysts, Pakistan is hopeful of restoration of financial assistance to the country after resolution of Raymond Davis matter and reduction of tension between CIA and ISI. The sources said that IMF will be requested to take review on March 31 as the fifth financial review will also be completed by then, enhancing probability of the release of $1.7 billion installment in June. IMF is demanding Pakistan to implement the RGST and terminate subsidy on power sector.